Forex Analytics 30.09.2016 EUR / USD: can not part with the carrying line

30 сентября 2016 - Fx4News

Results of the last trading day:

On Thursday, the euro / dollar formed the same pricing model as in the environment. Only instead of the OPEC meeting, traders have caused concern about the bank Deutsche Bank. US stocks fell after reports that Deutsche Bank clients derive from the bank their money. The bank's shares on the Stock Exchange dipped by 9% and dragged for a down the entire banking sector in the US and Europe. As a result, it began the flight from risky assets in the Japanese currency and gold. The euro / dollar reached a high 1.1250 down to 1.1215.

Expectations for today:

The current exchange rate of EUR / USD - 1.1217. Price is on the line carrying lb. This means, on the hourly period, the market is balanced. Price ready to deviate from it in any direction to 0.382%.

On Friday, I do not have any thoughts on the euro. On the daily TF formed outset with a view to weakening of the euro against the dollar. On the weekly situation TF 50 to 50. On the monthly chart purchasers attempts to break through to the level of 1.1535.

News of the day (GMT + 3): The

At 11:30 United Kingdom - the balance of payments, the final GDP and revised data on business investment for Q2. 2016 index of business activity in the services sector for July

At 12:00 Eurozone - preliminary index of consumer prices, preliminary core consumer price index in September, the unemployment rate for August

At 15:30 Canada - GDP growth in July, the index of commodity prices for August, the producer price index for August, US - personal spending and personal income for August

At 16:45 US - PMI Chicago PMI for September

At 17:00 the US - a revised index of consumer sentiment and inflation expectations are revised from the University of Michigan in September

Technical analysis:

Intraday outlook: at least - n / a, maximum - n / a, closing - n / a.

Fig. 1 euro / dollar exchange rate, the time period. Data source: TradingView

Two consecutive days, the euro / dollar forms W-shaped pattern. If they look at the four-hour chart, the situation on the controversial market. On the daily TF they look like a doji with small bodies. Those. market is in a consolidation phase and is preparing to enter the range 1,1120-1,1280.

In comments to the reviews, I showed you the daily charts with the W- shaped model and the two triangles. The fact that buyers are not able to for two days to consolidate above the 1.1279 level, casts doubt on the W-shaped pattern with the target 1.1366. The remaining options with triangles. This flat to the end of October.

Intraday outlook did not do, as there are no options.

According to the materials of Alpari